I run a small corporation. Can I declare it as bankrupt without declaring personal bankruptcy?

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Yes, you obviously can. But there is no point in doing so unless the business owes trust-fund taxes (withholding, sales-tax, etc.) for which you are completely liable. You might not aware but corporations are not dischargeable in Chapter 7. You should discuss your case with an experienced bankruptcy lawyer without ay delay.

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Last Updated on: Fri, 8 Jun 2018

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